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Segment report

Segment report

The Executive Board, as the chief operating decision-maker (CODM), manages the KION Group on the basis of the following segments: Industrial Trucks & Services, Supply Chain Solutions and Corporate Services. Segment reporting therefore takes into account the organisational and strategic focus of the KION Group.

The KPIs used to manage the segments are order intake, revenue and adjusted EBIT. Segment reporting therefore includes a reconciliation of externally reported consolidated earnings before interest and tax (EBIT) – including effects from purchase price allocations and non-recurring items – to the adjusted EBIT for the segments (‘adjusted EBIT’).

> TABLES 21 – 22 show information on the KION Group’s operating segments for the first quarters of 2018 and 2017.

Segment report Q1 2018

21

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consoli­dation / Recon­ciliation

Total

1

Capital expenditure including capitalised development costs, excluding right of use assets

2

On intangible assets and property, plant and equipment (excluding right of use assets and PPA items)

3

Number of employees (full-time equivalents) as at 31/03/2018; allocation according to the contractual relationships

Revenue from external customers

1,367.7

469.8

5.8

–

1,843.3

Intersegment revenue

1.1

0.8

70.2

–72.2

–

Total revenue

1,368.8

470.7

76.0

–72.2

1,843.3

Earnings before taxes

122.7

–5.6

–20.0

–0.0

97.1

Financial income

12.7

22.8

19.6

–16.8

38.2

Financial expenses

–27.1

–30.3

–26.5

16.8

–67.0

= Net financial expenses / income

–14.4

–7.5

–6.9

–

–28.8

EBIT

137.1

1.9

–13.1

–0.0

125.8

+ Non-recurring items

–1.4

0.3

0.2

–

–0.9

+ PPA items

0.2

32.8

0.0

–

33.0

= Adjusted EBIT

135.9

35.0

–13.0

–0.0

157.9

Segment assets

9,010.9

4,667.3

1,680.3

–2,877.1

12,481.3

Segment liabilities

6,217.1

1,982.5

4,154.7

–2,887.9

9,466.5

Carrying amount of equity-accounted investments

79.7

0.0

0.0

–

79.7

Profit from equity-accounted investments

0.2

0.0

0.0

–

0.2

Capital expenditure1

36.4

10.8

1.8

–

48.9

Amortisation and depreciation2

27.6

6.4

3.8

–

37.8

Order intake

1,485.2

396.3

76.0

–72.4

1,885.0

Number of employees3

24,451

6,877

713

–

32,042

Segment report for Q1 2017*

22

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consoli­dation / Recon­ciliation

Total

1

Capital expenditure including capitalised development costs, excluding right of use assets

2

On intangible assets and property, plant and equipment (excluding right of use assets and PPA items)

3

Number of employees (full-time equivalents) as at 31/03/2017; allocation according to the contractual relationships

*

Segment report for 2017 was restated due to the initial application of IFRS 15 and IFRS 16

Revenue from external customers

1,313.8

480.9

6.2

–

1,801.0

Intersegment revenue

0.3

0.7

57.9

–58.9

–

Total revenue

1,314.1

481.6

64.1

–58.9

1,801.0

Earnings before taxes

114.7

–28.5

147.6

–176.7

57.1

Financial income

11.4

4.3

11.9

–7.0

20.6

Financial expenses

–22.9

–15.5

–25.3

5.0

–58.9

= Net financial expenses / income

–11.6

–11.2

–13.5

–2.0

–38.3

EBIT

126.3

–17.3

161.1

–174.7

95.3

+ Non-recurring items

0.5

5.4

3.8

–

9.7

+ PPA items

0.2

46.4

0.0

–

46.6

= Adjusted EBIT

127.0

34.5

164.9

–174.7

151.6

Segment assets

9,654.8

4,747.4

1,506.8

–3,361.4

12,547.7

Segment liabilities

5,668.3

2,181.2

5,700.0

–3,382.9

10,166.6

Carrying amount of equity-accounted investments

72.6

0.0

0.0

–

72.6

Loss from equity-accounted investments

–0.5

0.0

0.0

–

–0.5

Capital expenditure1

26.8

10.9

2.9

–

40.6

Amortisation and depreciation2

25.7

6.7

4.1

–

36.5

Order intake

1,414.6

461.3

64.1

–58.3

1,881.7

Number of employees3

23,142

6,869

669

–

30,680

Non-recurring items in the first quarter of 2018 amounted to –€0.9 million (Q1 2017: €9.7 million) and in the prior year related to the integration of Dematic and start-up costs at the production site in Mexico.

The effects from purchase price allocations comprised net write-downs and other expenses in relation to the hidden reserves and charges identified as part of the acquisition processes.